Raymond James Financial : reports November 2023 operating data
December 20, 2023 at 04:25 pm EST
Share
December 20, 2023
FOR IMMEDIATE RELEASE
Media Contact: Steve Hollister, 727.567.2824
Investor Contact: Kristina Waugh, 727.567.7654
raymondjames.com/news-and-media/press-releases
RAYMOND JAMES FINANCIAL REPORTS NOVEMBER 2023 OPERATING DATA
ST. PETERSBURG, Fla. - Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for November 2023, in an effort to provide timely information to investors about monthly developments in certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.
"Client assets grew over the preceding month driven by strong advisor retention and recruiting, along with appreciation in the equity markets," said Chair and CEO Paul Reilly. "Clients' domestic cash sweep and Enhanced Savings Program (ESP) balances were down slightly compared to October, as growth of ESP balances to $14.4 billion was offset by modest declines in cash sweep balances to $42.3 billion. As of December 18, cash sweep balances were up modestly in the month. Investment banking activity remains challenging across the industry despite a healthy pipeline."
Operating Data
As of
% change from
$ in billions
November 30,
November 30,
October 31,
November 30,
October 31,
2023
2022
2023
2022
2023
Client assets under administration
$
1,317.3
$
1,205.9
$
1,239.2
9%
6%
Private Client Group assets under administration
$
1,258.4
$
1,147.0
$
1,185.1
10%
6%
Private Client Group assets in fee-based accounts
$
715.1
$
651.8
$
670.0
10%
7%
Financial assets under management
$
209.9
$
191.0
$
196.5
10%
7%
Bank loans, net
$
43.9
$
43.6
$
43.8
1%
-%
Clients' domestic cash sweep and Enhanced Savings
$
56.7
$
61.0
$
56.9
(7)%
-%
Program balances
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.32 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF.
Additional information is available at www.raymondjames.com.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Raymond James Financial Inc. published this content on 20 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2023 21:24:32 UTC.
Raymond James Financial, Inc. specializes in financial services. Revenues (including intragroup) by activity break down as follows:
- investment services (76.9%): securities brokerage, stock exchange intermediation, intervention on equity, interest rate and foreign exchange markets, derivatives, trading services, etc. for private and institutional clients;
- retail banking and merchant banking (15.7%);
- asset management (6.9%): USD 196.4 billion in assets under management at the end of September 2023;
- other (0.5%).
Revenues are distributed geographically as follows: the United States (91.3%), Canada (4.9%) and Europe (3.8%).
RAYMOND JAMES FINANCIAL, INC. 
